Industry

Indian Textile Bodies Seek Financial Support for Industry From Govt

Textile Insights January 6, 2024

Various textile mill associations of India have highlighted the acute financial stress faced by the spinning segment of the textile industry to the Finance Minister. The joint appeal to Minister of Finance, Nirmala Sitharaman comes after a significant downturn in the cotton-based spinning

Industry

Bangladesh Textile Mills Urge Govt To Mandate 70% Use Of Local Yarn

Textile Insights January 4, 2024

Bangladesh textile mills have urged their government to make it mandatory for fabrics and apparel manufacturers to buy cotton yarn from domestic mills due to the ongoing foreign exchange crisis. In a letter the Bangladesh Textile Mills Association (BTMA) said that if garments are manufactured with domestic yarn, then the value addition is 65 percent, […]

Industry

Thailand Introduces Textiles Product Quality Mark

Textile Insights January 4, 2024

The Thailand government has started an initiative to increase the quality of Thailand manufactured textiles products and has launched the Thai Textiles Product Quality Mark or the Thailand Textiles Tag. The Thailand Textiles Tag which is a certification mark; will be given to those textile products which are manufactured in Thailand and have been produced […]

Industry

Maharashtra To Set Up State Textile Development Corporation

Textile Insights January 3, 2024

The Maharashtra government has decided to set up a new department on the lines of Maharashtra Industrial Development Corporation (MIDC) to provide a boost to the state’s textile industry. “The department named Maharashtra State Textile Development Corporation (MSTDC) will be set up after the merger of three existing textile corporations of the state,” a government […]

Industry

Added Value in Vietnam Textile & Garment Sector Very Low

Textile Insights January 2, 2024

Although Vietnam is a major textiles and garment exporter, the added value in the industry is very low compared to the potential of the industry. Exports of textiles and apparels are expected to reach around US $40.3 billion in 2023 for which, imported raw materials and accessories accounted for nearly 58 percent or $23.2 billion. […]

Industry

Cambodia Hikes Minimum Wage For Textile & Garment Workers

Textile Insights January 2, 2024

Cambodia has increased the minimum wage for its textile and garment industry workers to US $204 per month for regular workers and $202 per month for probationary workers effective from January 1. This decision was made by the National Council on Minimum Wage (NCMW), a tripartite body comprising equal representation of labour unions, employer’s associations, […]

Industry

Closure Notice For 15 Polluting Surat Textile Companies

Textile Insights January 2, 2024

The Gujarat Pollution Control Board (GPCB) issued closure notices to 15 textile firms on the outskirts of Surat city which include dyeing and printing units. “The units were said to be allegedly discharging untreated wastewater into a creek connected to River Tapi, which is important source of water for residents of Surat city,” Indian Express […]

Industry

Investments In Bangladesh Textile Sector Almost Dry Up In 2023

Textile Insights January 2, 2024

Investments in the Bangladesh textile industry which is worth around $25 billion, almost dried up in 2023 as nor were new textile mills set up nor did any start operations. Only a Narsingdi based spinning mill said it would invest Tk 700 crore to manufacture cotton and MMF yarn, but even that plant will be […]

Industry

Bangladesh Has 54 Out Of 100 Global LEED Garment Factories

Textile Insights December 30, 2023

Out of the 100 LEED certified garment factories in the world, 54 are now located in Bangladesh, which points to a commitment to green practices in the industry in the south Asian country. “The total number of Bangladesh clothing factories with LEED certificate now totals 206, which indicates the industry commitment towards greener initiatives,” Mohiuddin […]

Industry

India To Maintain Economic Growth Velocity In 2024

Textile Insights December 30, 2023

India is likely to remain the fastest-growing major economy in the world in 2024, on the back of strong consumer demand leading to a pickup in investment across various sectors. According to the Associated Chambers of Commerce & Industry of India (ASSOCHAM), the sectors which will attract investments are construction, hospitality and infrastructure including railways